Friday, August 5, 2011
Gata Gold Rush 2011 Headlines
Numerous excellent quotes already.
*Adrian Douglass: Statistical studies show London fix is manipulated (so does the daily price chart!)
*Douglass: Gold price would be $53,500, were it not for manipulation
*Douglas: Gold price rigging is ending now. Motivation is to keep US dollar as world reserve currency.
* RT @jamesgrickards: @gata conference, James Turk just mentioned "Federal Reserve" and the sound system fritzed out.
*James Turk: I don't want a government gold standard. The govt created the problem, the market will provide the solution (We couldn't agree more, if you haven't already, The Secret of OZ is a MUST WATCH!)
*Turk: Bernanke's printing press is not a free lunch
*Turk: it is still early in the bull market, that is why the gold miners are so neglected still.
*Turk: gold has been in 100yr bear market, but this is now ending. Fear index will see 40%.
*Turk: central banks are fighting a managed retreat versus gold. At some point we'll see the closing of the gold window again.
*McShirley jabs at John Nadler. "Lumber analysts promote the industry, unlike kitco senior analysts"
*McShirley: Lumber trading is simple. No derivatives, no algorithms. No "unallocated" lumber. Cash drives futures, not the other way.
More as it comes!
Posted by The Doc at 9:59 AM